Aarti Industries: A high risk trade

17 Tem 2021

The stock has completed its correction as per Elliot's ABC waves and is inching up with good consolidation. On a daily time frame the stock is under the 20 EMA but it is very bullish on a weekly time frame. It is respecting its current trend line and has not broken it and recent price movements and volumes indicate good consolidation. Price has got excellent support from 50 EMA.

Entry above 865
Target 907, 933, 1000
Stoploss 797

I am not a financial advisor and this is only for educational purposes. Message me or comment for faster updates. I always reply.

23 Eyl 2021

Not

First two targets achieved